This unit will help students make effective decisions in a complex business environment. The unit will assist students to think clearly and rationally about business challenges, and make judicious use of logic, evidence and ethics to make informed judgements. It will help students to review, analyse and evaluate the managerial literature. Students will understand the relationship between creativity and critical thinking, and gain insight into the value of developing reflective practice in the workplace.
Students who successfully complete this unit will be able to:
1. Develop informed decisions in complex business environments, drawing on logical reasoning, reliable sources of evidence and academic theory.
2. Recognise faulty thinking and cognitive biases, and explain how they contribute to or influence decision making.
3. Analyse managerial issues using multiple ethical frameworks, and decide on a principled course of action.
4. Apply multiple problem-solving strategies for analysing a complex business issue, and formulate an innovative solution.